Aspen Power Acquires Four-Megawatt New York Solar Project

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NEW YORK--(BUSINESS WIRE)--Sep 8, 2025--

Aspen Power has acquired a four-megawatt direct current (MWdc) community solar project from High Peaks Solar. The company, a leading distributed generation platform dedicated to building the clean energy future, expects the project to generate up to 5.3 million kilowatt-hours (kWh) in its first year, enough to power 1,477 homes annually. The acquisition is part of a series of deals Aspen Power announced spanning four states.

The project, located in the New York State Electric and Gas (NYSEG) utility territory, will participate in New York’s Value of Distributed Energy Resources (VDER) program, which compensates renewable energy projects for the benefits they provide to the electric grid, while giving subscribers a discount on prevailing utility rates.

“Finalizing this agreement with High Peaks Solar reflects both the strength of our collaboration and the resilience of the renewable energy market,” said Dan Gulick, Executive Vice President, Community Solar,Aspen Power. “Even in a challenging and dynamic political and regulatory environment, well-structured solar transactions remain achievable, delivering measurable value to communities and advancing the state’s clean energy objectives,” he added.

“High Peaks Solar is pleased to work with Aspen Power on this deal. Their experience has made this project an early success as we move into construction, and I am confident that they will ensure the site is taken care of for many years to come. I would like to thank all of the folks involved in getting the project shovel ready,” said Kevin Bailey, CEO, High Peaks Solar.

This collaboration leverages High Peaks Solar’s development expertise and Aspen Power’s operational and financial capabilities to bring new community solar capacity online. Together, the companies are ensuring these assets deliver reliable performance, long-term economic value, and measurable environmental benefits to New York residents.

About Aspen Power

Aspen Power is a distributed energy generation platform with the dual mission of accelerating and democratizing decarbonization. We partner with businesses, communities, and others in the industry to develop, construct, own and operate renewable energy assets. Our experienced team is passionate about solving our clients’ energy challenges to deliver a sustainable future throughout the U.S. For more information, please visit aspenpower.com.

About High Peaks Solar

High Peaks Solar is a photovoltaic design and installation company based in Wynantskill, N.Y. We have been designing and installing solar and storage systems since 2009. The team is dedicated to the advancement of renewable energy. To learn more about the company, please visit www.highpeakssolar.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250908251946/en/

CONTACT: Aspen Power

Darius Razgaitis

646-465-8114

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: ENVIRONMENT UTILITIES SUSTAINABILITY ALTERNATIVE ENERGY ENVIRONMENTAL HEALTH ENERGY

SOURCE: Aspen Power

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PUB: 09/08/2025 10:32 AM/DISC: 09/08/2025 10:32 AM

http://www.businesswire.com/news/home/20250908251946/en